OVERSEA CHINESE BANKING Corp Ltd Acquires 66,771 Shares of Sea Limited (NYSE:SE)

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Sea Limited (NYSE:SE - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,317,939 shares of the Internet company based in Singapore's stock after acquiring an additional 66,771 shares during the quarter. SEA comprises approximately 3.9% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 4th largest position. OVERSEA CHINESE BANKING Corp Ltd owned about 0.23% of SEA worth $139,770,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SE. Private Trust Co. NA raised its position in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA in the fourth quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its position in shares of SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after purchasing an additional 112 shares during the period. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of SEA in the third quarter valued at approximately $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.67.

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SEA Price Performance

Shares of NYSE:SE traded down $1.08 on Friday, hitting $126.01. The stock had a trading volume of 3,154,406 shares, compared to its average volume of 4,410,527. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm's 50 day moving average price is $125.30 and its 200-day moving average price is $109.63. The company has a market capitalization of $72.12 billion, a price-to-earnings ratio of 840.04 and a beta of 1.62.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.